General Category > Elections 2024
Trump asks Big Oil for $1B in campaign cash
mystery-ak:
Trump asks Big Oil for $1B in campaign cash
by Rachel Frazin and Brett Samuels - 05/09/24 4:00 PM ET
Former President Trump asked oil industry executives for $1 billion in campaign cash, according to someone with knowledge of the meeting.
Trump met with oil executives at Mar-A-Lago last month. His request for $1 billion for his campaign was previously reported by The Washington Post and The New York Times.
The Post reported that Trump said the donations would be a “deal” for oil executives because of the tax cuts and relaxed regulations he would implement, but the person who spoke with The Hill said the discussion was not framed as any sort of quid pro quo.
A second source, who was not in attendance but spoke to people who were, also confirmed Trump made the ask for donations. The source said Trump had previously chided oil executives about not opening up their pocketbooks enough for his campaign.
Trump campaign spokesperson Karoline Leavitt did not confirm or deny that Trump had requested $1 billion when asked.
“Joe Biden is controlled by environmental extremists who are trying to implement the most radical energy agenda in history and force Americans to purchase electric vehicles they can’t afford,” Leavitt said in a written statement.
more
https://thehill.com/policy/energy-environment/4654557-trump-big-oil-1b-campaign-cash-request/
Fishrrman:
In my opinion, for the future of "Big Oil", this is probably money worth spending...
mystery-ak:
Democrats berate Trump for reportedly urging $1 billion donation from oil executives
By
Ross O'Keefe
May 9, 2024 5:21 pm
.
Several prominent Democrats slammed former President Donald Trump for reportedly asking top oil executives for $1 billion for his campaign in exchange for a rollback of environmental standards that he said hurt the industry.
Gov. Gavin Newsom (D-CA) led the charge, saying Trump is “giving our planet away in return for cash” in a post on X referencing a Washington Post report. Newsom has been a consistent Trump opponent, differing with him on many topics, such as the advancement of electric vehicles.
--- End quote ---
https://twitter.com/GavinNewsom/status/1788613838876835943
Sens. Elizabeth Warren (D-MA) and Ed Markey (D-MA) also rebuked Trump in respective posts on X.
“Trump’s backroom dealmaking with Big Oil is a pledge to fan the flames of the climate crisis,” Markey said. “It’s unacceptable. We can’t let Trump bargain away our planet and our future.”
more
https://www.washingtonexaminer.com/news/campaigns/presidential/2998432/democrats-berate-trump-1-billion-donation-oil-executives/
banddag:
Not sure how the oil co's will take this. The oil co's did not like the 4 years of Trump. Trump has said so multiple times. 'The oil co's hated me when I was President" was his exact words.
Trump opened up the oil free market too much and the oil co's burned through a trillion dollars of cash reserves. 2.00 per gallon gas was great for the consumer but not so much for the oil co's. Gas will never be below $3 ever again on a national average even of Trump is reelected. Articles are now just coming out the oil co's limited refinery production to keep the price of gas per gallon high since 2021 to build back their cash reserves even though record oil production.
The Dow threated to delist Exxon because they had burned through their cash reserves and their financials were bringing down the Dow. This is not the only reason they was delisted but it was a factor. Wall Street demanded oil co's make more profits
Exxon has since been removed from the Dow in 2020
libertybele:
--- Quote from: banddag on May 09, 2024, 10:56:26 pm ---Not sure how the oil co's will take this. The oil co's did not like the 4 years of Trump. Trump has said so multiple times. 'The oil co's hated me when I was President" was his exact words.
Trump opened up the oil free market too much and the oil co's burned through a trillion dollars of cash reserves. 2.00 per gallon gas was great for the consumer but not so much for the oil co's. Gas will never be below $3 ever again on a national average even of Trump is reelected. Articles are now just coming out the oil co's limited refinery production to keep the price of gas per gallon high since 2021 to build back their cash reserves even though record oil production.
The Dow threated to delist Exxon because they had minimal cash reserves and their financials where bringing down the Dow. That is a kiss of death to be delisted from the Dow.
--- End quote ---
Do you have links????
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